Park National Corp OH bought a new position in shares of Noble Energy, Inc. (NYSE:NBL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 69,584 shares of the oil and gas development company’s stock, valued at approximately $2,455,000.
Other hedge funds have also made changes to their positions in the company. Point72 Asia Hong Kong Ltd grew its holdings in shares of Noble Energy by 656.0% during the first quarter. Point72 Asia Hong Kong Ltd now owns 3,833 shares of the oil and gas development company’s stock worth $116,000 after purchasing an additional 3,326 shares during the last quarter. First Republic Investment Management Inc. bought a new stake in shares of Noble Energy during the first quarter worth $210,000. FDx Advisors Inc. bought a new stake in shares of Noble Energy during the fourth quarter worth $231,000. Assetmark Inc. grew its holdings in shares of Noble Energy by 355.5% during the fourth quarter. Assetmark Inc. now owns 8,558 shares of the oil and gas development company’s stock worth $249,000 after purchasing an additional 6,679 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in shares of Noble Energy during the fourth quarter worth $250,000. Institutional investors own 98.46% of the company’s stock.
Several equities analysts recently issued reports on NBL shares. Credit Suisse Group cut Noble Energy from an “outperform” rating to a “neutral” rating in a report on Wednesday, May 30th. Royal Bank of Canada set a $39.00 price target on Noble Energy and gave the company a “buy” rating in a report on Friday, April 13th. UBS Group started coverage on Noble Energy in a report on Wednesday, March 7th. They issued a “buy” rating and a $40.00 price target on the stock. Stifel Nicolaus set a $44.00 price target on Noble Energy and gave the company a “buy” rating in a report on Tuesday, April 24th. Finally, Jefferies Financial Group set a $40.00 price target on Noble Energy and gave the company a “buy” rating in a report on Monday, March 19th. Seven analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $40.30.
Noble Energy opened at $33.99 on Tuesday, MarketBeat reports. Noble Energy, Inc. has a 1-year low of $22.99 and a 1-year high of $37.67. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $17.09 billion, a price-to-earnings ratio of 109.65, a P/E/G ratio of 3.09 and a beta of 1.07.
Noble Energy (NYSE:NBL) last released its earnings results on Tuesday, May 1st. The oil and gas development company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.07. Noble Energy had a positive return on equity of 3.25% and a negative net margin of 13.32%. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. The company’s quarterly revenue was up 24.1% on a year-over-year basis. research analysts anticipate that Noble Energy, Inc. will post 1.14 EPS for the current year.
In other news, VP Andrea Lee Robison sold 8,760 shares of the firm’s stock in a transaction dated Monday, May 21st. The stock was sold at an average price of $37.00, for a total transaction of $324,120.00. Following the sale, the vice president now owns 100,918 shares of the company’s stock, valued at $3,733,966. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Nbl Midstream, Llc sold 7,475,000 shares of the firm’s stock in a transaction dated Friday, June 29th. The stock was sold at an average price of $18.03, for a total value of $134,774,250.00. The disclosure for this sale can be found here. Insiders sold 7,498,520 shares of company stock worth $135,604,590 in the last three months. Insiders own 1.96% of the company’s stock.
About Noble Energy
Noble Energy, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids worldwide. It owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins. It principal projects are primarily located in the US unconventional basins and various global offshore conventional basins.
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